Summary by Moomoo AI
Carnival Corporation has reported a significant increase in operating income for the third quarter of 2024, with consolidated operating income rising by $554 million to $2.2 billion from $1.6 billion in the previous year. The North American and Australian (NAA) segment saw an increase of $335 million to $1.4 billion, while the Europe segment's operating income grew by $201 million to $770 million. This growth is attributed to a 15% increase in passenger ticket revenues, which reached $5.2 billion, driven by strong demand and higher ticket prices. Onboard and other revenues also saw a 15% increase to $2.7 billion. Operating expenses rose by 9.8% to $4.3 billion, primarily due to a 6.2% capacity increase in Available Lower Berth Days (ALBDs) and higher commissions and transportation costs. Interest expenses decreased by 17% due to lower debt...Show More